Assuming There Is Not a Stop Order or a Proceeding

Assuming there is not a stop order or a proceeding pending, under the registration by coordination process a security's registration with the state becomes effective:

A) only when it is approved by the state Administrator, regardless of whether it has been approved by the SEC.
B) immediately after approval by the SEC as long as the registration statement has been on file for at least 20 days or the Uniform Securities Act has provided an exemption to this waiting period.
C) immediately subsequent to approval by the SEC, regardless of how long the registration statement has been on file.
D) only when it is approved by the state Administrator, who will review the registration documentation upon notification that SEC approval has been granted.